FILE PHOTO: The International Monetary Fund headquarters building is seen ahead of the IMF/World Bank spring meetings in Washington, U.S., April 8, 2019. REUTERS/Yuri Gripas/File Photo
More than 80 member countries, mostly emerging markets, have already requested some $20 billion in emergency zero- and low-interest loans from the IMF, they said, and IMF staff was working to process those requests as quickly as possible. There was also discussion about allocation of Special Drawing Rights, the currency of the IMF, much as was done in 2009, a move that would boost funding available for emerging market countries, they said, but that would take longer to implement.
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